Corus Entertainment (TSE:CJR.B) Shares Up 16.7% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B)’s share price rose 16.7% during trading on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 573,236 shares changed hands during trading, an increase of 110% from the average daily volume of 272,559 shares. The stock had previously closed at C$0.03.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CJR.B. TD Securities decreased their price target on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a report on Tuesday, November 4th. Royal Bank Of Canada cut their target price on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock Performance

The company has a market capitalization of C$6.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.66. The firm has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.06. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results on Wednesday, January 14th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$267.57 million for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. On average, analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

About Corus Entertainment

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets. The company generates the vast majority of its revenue in Canada.